[plain talk]

AI is a bubble. Every time a disruptive technology comes along there is usually an investment bubble. But that doesn’t mean the new technology disappears or goes away. It just means there was an overbalance in investment vs adjusted ROI.

[dfwgator]

Creative Destruction

https://en.wikipedia.org/wiki/Creative_destruction

[lasereye]

Every time a disruptive technology comes along there is usually an investment bubble. But that doesn’t mean the new technology disappears or goes away.

Exactly

Overinvestment in 19th-century American railroads was driven by speculative debt, government land subsidies, and rapid track-building that outpaced actual economic demand. This boom-and-bust cycle triggered severe national depressions—most notably the Panic of 1873 and the Panic of 1893.

Nobody looks back and says that railroads were a failure. AI will be huge and transformative.